As a flexible mechanism contained in Kyoto Protocol, Clean Development Mechanism (CDM) offers developing countries an opportunity to attract investment in clean energy technologies and promote sustainable development. After the entry into force of Kyoto Protocol in early 2005, the CDM gained momentum. However, besides the emission reduction benefits, the sustainability benefits for developing countries have been continuously doubted. As one of the largest and fast-growing economies in the world, China is projected to become the largest greenhouse gas (GHG) emitter by 2025, whereas in the first Kyoto emission period, China has the biggest potential to reduce its emissions and transact the credits with other developed countries in the context of the evolving global carbon market. Based on examining the global carbon market and Chinese CDM activities, the report analyzes dynamics of the CDM scheme and evaluates China's performance in current CDM implementation. The project then analyzes the China's CDM potential and its impact on the economic development. Finally, the report provides recommendations on how China can create synergies to achieve the sustainable development objective through CDM activities. Tác giả: Thesis Author: Liguang Liu Nhà xuất bản: Roskilde University
